Security researchers have determined that hackers injected malicious JavaScript directly into Safe’ s online infrastructure hosted on AWS. The code was specifically designed to activate only when interacting with Bybit’ s contract address, allowing it to remain undetected by regular users, describes Oded Vanunu at Check Point. he recent high-profile breach of Bybit has

T revealed deep cracks in the security protocols of the industry, reminding us that even the most sophisticated defences can be compromised. This time, the hackers were able to breach a multisig cold wallet, stealing about US $ 1.5 billion worth of Ethereum tokens.

“ This attack proves that a preventionfirst approach, securing every step of a transaction, is the only way to stop cybercriminals from carrying out similar high-impact attacks in the future. We cannot afford to rely solely on conventional cryptographic models as attacks become increasingly complex,” said Oded Vanunu, Chief Technologist and Head of Product Vulnerability Research, Check Point.

Rather, we need a comprehensive strategy that addresses social engineering tactics, user interface manipulation risks and human vulnerabilities. Crypto institutions can better safeguard their assets in an increasingly complex threat landscape by enforcing real-time threat monitoring, educating users and bolstering transaction verification.

Although no security system is entirely foolproof, staying ahead of cybercriminals will require a proactive and flexible approach. The sector needs to move toward multi-layered defence tactics that combine stringent verification procedures, education and technology.

Multi signature wallets

What is a multisig cold wallet? A multisignature wallet is a type of cryptocurrency www. intelligentfin. tech

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